PayCargo, a fintech for the freight industry, raises $130M

Shipping and cargo services is one of the more fragmented and analogue verticals in the world of industry, with hundreds of thousands of businesses involved in a myriad of aspects of a process that is fundamentally physical (not digital) by its nature. Today, a company called PayCargo, which built a platform to bring one key aspect of it — how companies in the business of shipping products and specifically consumer goods pay each other — into the modern and digital age, is announcing $130 million in funding to expand its platform.
The funding, a Series C, is coming from a single in

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